ODESSA COLLEGE FOUNDATION INCORPORATED: Form 990, tax year 2020
View the entire original 990 at ProPublica ↗
- Organization
- ODESSA COLLEGE FOUNDATION INCORPORATED (EIN 75-2655037)
- Tax period
- 2020-01-01 to 2020-12-31
- Filed
- 2021-11-10
- IRS object ID
- 202103149349302200
- Schema version
- 2020v4.1
- Source
- Download XML · Original 990 at ProPublica
Every field in the e-filed return. Faint text is the IRS element name, for citing.
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2021-11-10T09:02:12-06:00 | ReturnTs |
| Tax Period End | 2020-12-31 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Firm EIN | 752393478 | PreparerFirmEIN |
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | WHITLEY PENN LLP | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 7100 E TEXAS HIGHWAY 191 STE 400 | AddressLine1Txt |
| City | ODESSA | CityNm |
| State Abbreviation | TX | StateAbbreviationCd |
| ZIP | 79765 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnTypeCd |
| Tax Period Begin | 2020-01-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 752655037 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | ODESSA COLLEGE FOUNDATION INC | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | ODES | BusinessNameControlTxt |
| Phone | 4323356415 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 201 W UNIVERSITY BLVD | AddressLine1Txt |
| City | ODESSA | CityNm |
| State Abbreviation | TX | StateAbbreviationCd |
| ZIP | 79764 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | BRANDY HAM | PersonNm |
| Person Title | TREASURER | PersonTitleTxt |
| Phone | 4323356415 | PhoneNum |
| Signature | 2021-11-09 | SignatureDt |
| Discuss With Paid Preparer | Yes (1) | DiscussWithPaidPreparerInd |
Signing Officer SigningOfficerGrp
Person Full Name PersonFullName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person First | BRANDY | PersonFirstNm |
| Person Last | HAM | PersonLastNm |
| Field | Value | IRS element (for citing) |
|---|---|---|
| SSN | 999009999 | SSN |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | CYNTHIA REBBER | PreparerPersonNm |
| PTIN | P01207573 | PTIN |
| Phone | 4323623800 | PhoneNum |
Additional Filer Information AdditionalFilerInformation
Trusted Customer TrustedCustomerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Trusted Customer | 3 | TrustedCustomerCd |
| Authentication Assurance Level | AAL1 | AuthenticationAssuranceLevelCd |
| Identity Assurance Level | IAL1 | IdentityAssuranceLevelCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2020 | TaxYr |
| Build TS | 2022-09-23 18:48:47Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Principal Officer | BRANDY HAM | PrincipalOfficerNm |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 201 W UNIVERSITY BLVD | AddressLine1Txt |
| City | ODESSA | CityNm |
| State Abbreviation | TX | StateAbbreviationCd |
| ZIP | 79764 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | $2,137,988 | GrossReceiptsAmt |
| Group Return For Affiliates | 0 | GroupReturnForAffiliatesInd |
| Organization501c3 | Yes (X) | Organization501c3Ind |
| Website Address | WWW.ODESSA.EDU/DEPT/IA/FOUNDATION | WebsiteAddressTxt |
| Type Of Organization Corp | Yes (X) | TypeOfOrganizationCorpInd |
| Formation | 1996 | FormationYr |
| Legal Domicile State | TX | LegalDomicileStateCd |
| Activity Or Mission | THE MISSION OF THE ORGANIZATION IS THREE-FOLD: 1) TO SECURE DONATIONS FOR SCHOLARSHIP ASSISTANCE THROUGH THE ANNUAL CAMPAIGN AND LEAVE-A-LEGACY CAMPAIGN; 2) TO SECURE DONATIONS TO THE COLLEGE THAT FOSTER THE CONTINUATION AND DEVELOPMENT OF PROJECTS AND TRAINING PROGRAMS; 3) TO UNIFY THE COMMUNITY IN PROMOTING PHILANTHROPY FOR HIGHER EDUCATION AT ODESSA COLLEGE. | ActivityOrMissionDesc |
| Voting Members Governing Body | 17 | VotingMembersGoverningBodyCnt |
| Voting Members Independent | 17 | VotingMembersIndependentCnt |
| Total Employee | 0 | TotalEmployeeCnt |
| Total Volunteers | 0 | TotalVolunteersCnt |
| Total Gross UBI | $0 | TotalGrossUBIAmt |
| Net Unrelated Bus Txbl Incm | $0 | NetUnrelatedBusTxblIncmAmt |
| PY Contributions Grants | $1,550,416 | PYContributionsGrantsAmt |
| CY Contributions Grants | $1,667,516 | CYContributionsGrantsAmt |
| PY Program Service Revenue | $0 | PYProgramServiceRevenueAmt |
| CY Program Service Revenue | $0 | CYProgramServiceRevenueAmt |
| PY Investment Income | $815,584 | PYInvestmentIncomeAmt |
| CY Investment Income | $469,272 | CYInvestmentIncomeAmt |
| PY Other Revenue | $0 | PYOtherRevenueAmt |
| CY Other Revenue | -$12,217 | CYOtherRevenueAmt |
| PY Total Revenue | $2,366,000 | PYTotalRevenueAmt |
| CY Total Revenue | $2,124,571 | CYTotalRevenueAmt |
| PY Grants And Similar Paid | $1,317,244 | PYGrantsAndSimilarPaidAmt |
| CY Grants And Similar Paid | $966,401 | CYGrantsAndSimilarPaidAmt |
| PY Benefits Paid To Members | $0 | PYBenefitsPaidToMembersAmt |
| CY Benefits Paid To Members | $0 | CYBenefitsPaidToMembersAmt |
| PY Salaries Comp Emp Bnft Paid | $0 | PYSalariesCompEmpBnftPaidAmt |
| CY Salaries Comp Emp Bnft Paid | $0 | CYSalariesCompEmpBnftPaidAmt |
| PY Total Prof Fndrsng Expns | $0 | PYTotalProfFndrsngExpnsAmt |
| CY Total Prof Fndrsng Expns | $0 | CYTotalProfFndrsngExpnsAmt |
| CY Total Fundraising Expense | $0 | CYTotalFundraisingExpenseAmt |
| PY Other Expenses | $76,310 | PYOtherExpensesAmt |
| CY Other Expenses | $80,012 | CYOtherExpensesAmt |
| PY Total Expenses | $1,393,554 | PYTotalExpensesAmt |
| CY Total Expenses | $1,046,413 | CYTotalExpensesAmt |
| PY Revenues Less Expenses | $972,446 | PYRevenuesLessExpensesAmt |
| CY Revenues Less Expenses | $1,078,158 | CYRevenuesLessExpensesAmt |
| Total Assets BOY | $13,432,876 | TotalAssetsBOYAmt |
| Total Assets EOY | $15,783,364 | TotalAssetsEOYAmt |
| Total Liabilities BOY | $438 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $157,840 | TotalLiabilitiesEOYAmt |
| Net Assets Or Fund Balances BOY | $13,432,438 | NetAssetsOrFundBalancesBOYAmt |
| Net Assets Or Fund Balances EOY | $15,625,524 | NetAssetsOrFundBalancesEOYAmt |
| Info In Schedule O Part III | Yes (X) | InfoInScheduleOPartIIIInd |
| Mission | THE MISSION OF THE ORGANIZATION IS THREE-FOLD: 1) TO SECURE DONATIONS FOR SCHOLARSHIP ASSISTANCE THROUGH THE ANNUAL CAMPAIGN AND LEAVE-A-LEGACY CAMPAIGN; 2) TO SECURE DONATIONS TO THE COLLEGE THAT FOSTER THE CONTINUATION AND DEVELOPMENT OF PROJECTS AND TRAINING PROGRAMS; 3) TO UNIFY THE COMMUNITY IN PROMOTING PHILANTHROPY FOR HIGHER EDUCATION AT ODESSA COLLEGE. | MissionDesc |
| Significant New Program Srvc | 0 | SignificantNewProgramSrvcInd |
| Significant Change | 0 | SignificantChangeInd |
| Expense | $843,630 | ExpenseAmt |
| Grant | $843,630 | GrantAmt |
| Desc | THE FOUNDATION SOLICITS DONATIONS FROM BUSINESSES AND INDIVIDUALS TO FUND SCHOLARSHIPS FOR ODESSA COLLEGE STUDENTS. THERE WERE 749 SCHOLARSHIP RECIPIENTS FOR 2020. | Desc |
Prog Srvc Accom Acty2 ProgSrvcAccomActy2Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expense | $122,771 | ExpenseAmt |
| Grant | $122,771 | GrantAmt |
| Desc | THE FOUNDATION SOLICITS DONATIONS FROM BUSINESSES AND INDIVIDUALS TO FUND CAPITAL PROJECTS FOR ODESSA COLLEGE. | Desc |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Expenses | $966,401 | TotalProgramServiceExpensesAmt |
| Described In Section501c3 | Yes (1) | DescribedInSection501c3Ind |
| Schedule B Required | Yes (1) | ScheduleBRequiredInd |
| Political Campaign Acty | 0 | PoliticalCampaignActyInd |
| Lobbying Activities | 0 | LobbyingActivitiesInd |
| Subject To Proxy Tax | 0 | SubjectToProxyTaxInd |
| Donor Advised Fund | 0 | DonorAdvisedFundInd |
| Conservation Easements | 0 | ConservationEasementsInd |
| Collections Of Art | 0 | CollectionsOfArtInd |
| Credit Counseling | 0 | CreditCounselingInd |
| Donor Rstr Or Quasi Endowments | 0 | DonorRstrOrQuasiEndowmentsInd |
| Report Land Building Equipment | 0 | ReportLandBuildingEquipmentInd |
| Report Investments Other Sec | 0 | ReportInvestmentsOtherSecInd |
| Report Program Related Invst | 0 | ReportProgramRelatedInvstInd |
| Report Other Assets | 0 | ReportOtherAssetsInd |
| Report Other Liabilities | 0 | ReportOtherLiabilitiesInd |
| Include FIN48 Footnote | 0 | IncludeFIN48FootnoteInd |
| Independent Audit Fincl Stmt | Yes (1) | IndependentAuditFinclStmtInd |
| Consolidated Audit Fincl Stmt | 0 | ConsolidatedAuditFinclStmtInd |
| School Operating | 0 | SchoolOperatingInd |
| Foreign Office | 0 | ForeignOfficeInd |
| Foreign Activities | 0 | ForeignActivitiesInd |
| More Than5000 K To Org | 0 | MoreThan5000KToOrgInd |
| More Than5000 K To Individuals | 0 | MoreThan5000KToIndividualsInd |
| Professional Fundraising | 0 | ProfessionalFundraisingInd |
| Fundraising Activities | 0 | FundraisingActivitiesInd |
| Gaming Activities | 0 | GamingActivitiesInd |
| Operate Hospital | 0 | OperateHospitalInd |
| Grants To Organizations | Yes (1) | GrantsToOrganizationsInd |
| Grants To Individuals | 0 | GrantsToIndividualsInd |
| Schedule J Required | 0 | ScheduleJRequiredInd |
| Tax Exempt Bonds | 0 | TaxExemptBondsInd |
| Engaged In Excess Benefit Trans | 0 | EngagedInExcessBenefitTransInd |
| PY Excess Benefit Trans | 0 | PYExcessBenefitTransInd |
| Loan Outstanding | 0 | LoanOutstandingInd |
| Grant To Related Person | 0 | GrantToRelatedPersonInd |
| Business Rln With Org Mem | 0 | BusinessRlnWithOrgMemInd |
| Business Rln With Fam Mem | 0 | BusinessRlnWithFamMemInd |
| Business Rln With35 Ctrl Ent | 0 | BusinessRlnWith35CtrlEntInd |
| Deductible Non Cash Contri | 0 | DeductibleNonCashContriInd |
| Deductible Art Contribution | 0 | DeductibleArtContributionInd |
| Terminate Operations | 0 | TerminateOperationsInd |
| Partial Liquidation | 0 | PartialLiquidationInd |
| Disregarded Entity | 0 | DisregardedEntityInd |
| Related Entity | Yes (1) | RelatedEntityInd |
| Related Organization Ctrl Ent | 0 | RelatedOrganizationCtrlEntInd |
| Trnsfr Exmpt Non Chrtbl Rltd Org | 0 | TrnsfrExmptNonChrtblRltdOrgInd |
| Activities Conducted Prtshp | 0 | ActivitiesConductedPrtshpInd |
| Schedule O Required | Yes (1) | ScheduleORequiredInd |
| IRP Document | 0 | IRPDocumentCnt |
| IRP Document W2 G | 0 | IRPDocumentW2GCnt |
| Employee | 0 | EmployeeCnt |
| Unrelated Bus Incm Over Limit | 0 | UnrelatedBusIncmOverLimitInd |
| Foreign Financial Account | 0 | ForeignFinancialAccountInd |
| Prohibited Tax Shelter Trans | 0 | ProhibitedTaxShelterTransInd |
| Taxable Party Notification | 0 | TaxablePartyNotificationInd |
| Nondeductible Contributions | 0 | NondeductibleContributionsInd |
| Quid Pro Quo Contributions | 0 | QuidProQuoContributionsInd |
| Form8282 Property Disposed Of | 0 | Form8282PropertyDisposedOfInd |
| Rcv Fnds To Pay Prsnl Bnft Cntrct | 0 | RcvFndsToPayPrsnlBnftCntrctInd |
| Pay Premiums Prsnl Bnft Cntrct | 0 | PayPremiumsPrsnlBnftCntrctInd |
| Indoor Tanning Services | 0 | IndoorTanningServicesInd |
| Subj To Tax Rmnrtn Ex Prcht Pymt | 0 | SubjToTaxRmnrtnExPrchtPymtInd |
| Subject To Excs Tax Net Invst Inc | 0 | SubjectToExcsTaxNetInvstIncInd |
| Info In Schedule O Part VI | Yes (X) | InfoInScheduleOPartVIInd |
| Governing Body Voting Members | 17 | GoverningBodyVotingMembersCnt |
| Independent Voting Member | 17 | IndependentVotingMemberCnt |
| Family Or Business Rln | 0 | FamilyOrBusinessRlnInd |
| Delegation Of Mgmt Duties | 0 | DelegationOfMgmtDutiesInd |
| Change To Org Documents | 0 | ChangeToOrgDocumentsInd |
| Material Diversion Or Misuse | 0 | MaterialDiversionOrMisuseInd |
| Members Or Stockholders | 0 | MembersOrStockholdersInd |
| Election Of Board Members | 0 | ElectionOfBoardMembersInd |
| Decisions Subject To Approva | 0 | DecisionsSubjectToApprovaInd |
| Minutes Of Governing Body | Yes (1) | MinutesOfGoverningBodyInd |
| Minutes Of Committees | Yes (1) | MinutesOfCommitteesInd |
| Officer Mailing Address | 0 | OfficerMailingAddressInd |
| Local Chapters | 0 | LocalChaptersInd |
| Form990 Provided To Gvrn Body | Yes (1) | Form990ProvidedToGvrnBodyInd |
| Conflict Of Interest Policy | Yes (1) | ConflictOfInterestPolicyInd |
| Annual Disclosure Covered Prsn | Yes (1) | AnnualDisclosureCoveredPrsnInd |
| Regular Monitoring Enfrc | Yes (1) | RegularMonitoringEnfrcInd |
| Whistleblower Policy | Yes (1) | WhistleblowerPolicyInd |
| Document Retention Policy | Yes (1) | DocumentRetentionPolicyInd |
| Compensation Process CEO | Yes (1) | CompensationProcessCEOInd |
| Compensation Process Other | 0 | CompensationProcessOtherInd |
| Investment In Joint Venture | 0 | InvestmentInJointVentureInd |
| Own Website | Yes (X) | OwnWebsiteInd |
| Upon Request | Yes (X) | UponRequestInd |
Books In Care Of Detail BooksInCareOfDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | BRANDY HAM | PersonNm |
| Phone | 4323356415 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 201 W UNIVERSITY | AddressLine1Txt |
| City | ODESSA | CityNm |
| State Abbreviation | TX | StateAbbreviationCd |
| ZIP | 79764 | ZIPCd |
Form990 Part VII Section A Form990PartVIISectionAGrp (21 entries)
| TitleTitleTxt | Average Hours Per WeekAverageHoursPerWeekRt | Average Hours Per Week Rltd OrgAverageHoursPerWeekRltdOrgRt | Individual Trustee Or DirectorIndividualTrusteeOrDirectorInd | OfficerOfficerInd | Reportable Comp From OrgReportableCompFromOrgAmt | Reportable Comp From Rltd OrgReportableCompFromRltdOrgAmt | Other CompensationOtherCompensationAmt |
|---|---|---|---|---|---|---|---|
| BIANCA CARPENTER | |||||||
| SCH & DEV COORDINATO | 15.00 | 15.00 | Yes (X) | Yes (X) | $0 | $7,333 | $0 |
| BRANDY HAM | |||||||
| TREASURER | 5.00 | 5.00 | Yes (X) | Yes (X) | $0 | $110,860 | $0 |
| COLLIN SEWELL | |||||||
| DIRECTOR | 0.00 | Yes (X) | $0 | $0 | $0 | ||
| CRAIG VAN AMBURGH | |||||||
| PRESIDENT | 0.00 | Yes (X) | Yes (X) | $0 | $0 | $0 | |
| DAVID BOUTIN | |||||||
| PRESIDENT-ELECT | 0.00 | Yes (X) | Yes (X) | $0 | $0 | $0 | |
| DR TANYA WOOD | |||||||
| DIRECTOR | 0.00 | Yes (X) | $0 | $0 | $0 | ||
| DR TARA DEAVER | |||||||
| DIRECTOR | 0.00 | Yes (X) | $0 | $0 | $0 | ||
| GARY JOHNSON | |||||||
| DIRECTOR | 0.00 | Yes (X) | $0 | $0 | $0 | ||
| JACQUILYN GORE | |||||||
| EXEC DIRECTOR | 20.00 | 20.00 | Yes (X) | Yes (X) | $0 | $115,383 | $0 |
| JEFF ADAMS | |||||||
| DIRECTOR | 0.00 | Yes (X) | $0 | $0 | $0 | ||
| JEFFERSON COX | |||||||
| DIRECTOR | 0.00 | Yes (X) | $0 | $0 | $0 | ||
| JILL SPARKMAN | |||||||
| DIRECTOR | 0.00 | Yes (X) | $0 | $0 | $0 | ||
| JIM BREAUX | |||||||
| PRESIDENT | 0.00 | Yes (X) | $0 | $0 | $0 | ||
| KEVIN GRAY | |||||||
| DIRECTOR | 0.00 | Yes (X) | $0 | $0 | $0 | ||
| LESLIE HANKINS | |||||||
| DIRECTOR | 0.00 | Yes (X) | $0 | $0 | $0 | ||
| LISA HILL | |||||||
| DIRECTOR | 0.00 | Yes (X) | $0 | $0 | $0 | ||
| MELINDA GARRIGA | |||||||
| DIRECTOR | 0.00 | Yes (X) | $0 | $0 | $0 | ||
| PHIL GEORGE | |||||||
| DIRECTOR | 0.00 | Yes (X) | $0 | $0 | $0 | ||
| SHEM CULPEPPER | |||||||
| DIRECTOR | 0.00 | Yes (X) | $0 | $0 | $0 | ||
| TOM PASSMORE | |||||||
| DIRECTOR | 0.00 | Yes (X) | $0 | $0 | $0 | ||
| TOMMY SALMON JR | |||||||
| DIRECTOR | 0.00 | Yes (X) | $0 | $0 | $0 | ||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | $0 | TotalReportableCompFromOrgAmt |
| Tot Reportable Comp Rltd Org | $233,576 | TotReportableCompRltdOrgAmt |
| Total Other Compensation | $0 | TotalOtherCompensationAmt |
| Indiv Rcvd Greater Than100 K | 0 | IndivRcvdGreaterThan100KCnt |
| Former Ofcr Employees Listed | 0 | FormerOfcrEmployeesListedInd |
| Total Comp Greater Than150 K | 0 | TotalCompGreaterThan150KInd |
| Compensation From Other Srcs | 0 | CompensationFromOtherSrcsInd |
| Cntrct Rcvd Greater Than100 K | 0 | CntrctRcvdGreaterThan100KCnt |
| All Other Contributions | $1,667,516 | AllOtherContributionsAmt |
| Total Contributions | $1,667,516 | TotalContributionsAmt |
Investment Income InvestmentIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $294,532 | TotalRevenueColumnAmt |
| Exclusion | $294,532 | ExclusionAmt |
Gross Amount Sales Assets GrossAmountSalesAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $174,740 | SecuritiesAmt |
Less Cost Oth Basis Sales Expnss LessCostOthBasisSalesExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $0 | SecuritiesAmt |
Gain Or Loss GainOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $174,740 | SecuritiesAmt |
Net Gain Or Loss Investments NetGainOrLossInvestmentsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $174,740 | TotalRevenueColumnAmt |
| Exclusion | $174,740 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Fundraising Gross Income | $1,200 | FundraisingGrossIncomeAmt |
| Fundraising Direct Expenses | $13,417 | FundraisingDirectExpensesAmt |
Net Incm From Fundraising Evt NetIncmFromFundraisingEvtGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | -$12,217 | TotalRevenueColumnAmt |
| Exclusion | -$12,217 | ExclusionAmt |
Total Revenue TotalRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $2,124,571 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $0 | RelatedOrExemptFuncIncomeAmt |
| Unrelated Business Revenue | $0 | UnrelatedBusinessRevenueAmt |
| Exclusion | $457,055 | ExclusionAmt |
Grants To Domestic Orgs GrantsToDomesticOrgsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $966,401 | TotalAmt |
| Program Services | $966,401 | ProgramServicesAmt |
Fees For Services Accounting FeesForServicesAccountingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $5,519 | TotalAmt |
| Management And General | $5,519 | ManagementAndGeneralAmt |
Fees For Srvc Invst Mgmnt Fees FeesForSrvcInvstMgmntFeesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $62,645 | TotalAmt |
| Management And General | $62,645 | ManagementAndGeneralAmt |
Other Expenses OtherExpensesGrp (3 entries)
| DescDesc | TotalTotalAmt | Management And GeneralManagementAndGeneralAmt |
|---|---|---|
| GENERAL AND ADMINISTRAT | $10,730 | $10,730 |
| DUES AND SUBSCRIPTIONS | $653 | $653 |
| BANK SERVICE CHARGES | $465 | $465 |
Total Functional Expenses TotalFunctionalExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,046,413 | TotalAmt |
| Program Services | $966,401 | ProgramServicesAmt |
| Management And General | $80,012 | ManagementAndGeneralAmt |
| Fundraising | $0 | FundraisingAmt |
Cash Non Interest Bearing CashNonInterestBearingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| EOY | $2,064,816 | EOYAmt |
Savings And Temp Cash Invst SavingsAndTempCashInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,438,976 | BOYAmt |
| EOY | $206,333 | EOYAmt |
Pledges And Grants Receivable PledgesAndGrantsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $22,700 | BOYAmt |
| EOY | $20,000 | EOYAmt |
Investments Pub Traded Sec InvestmentsPubTradedSecGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $11,971,200 | BOYAmt |
| EOY | $13,492,215 | EOYAmt |
Total Assets TotalAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $13,432,876 | BOYAmt |
| EOY | $15,783,364 | EOYAmt |
Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $438 | BOYAmt |
| EOY | $157,840 | EOYAmt |
Total Liabilities TotalLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $438 | BOYAmt |
| EOY | $157,840 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Organization Follows FASB117 | Yes (X) | OrganizationFollowsFASB117Ind |
No Donor Restriction Net Assets NoDonorRestrictionNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,931,759 | BOYAmt |
| EOY | $2,961,360 | EOYAmt |
Donor Restriction Net Assets DonorRestrictionNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $11,500,679 | BOYAmt |
| EOY | $12,664,164 | EOYAmt |
Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $13,432,438 | BOYAmt |
| EOY | $15,625,524 | EOYAmt |
Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $13,432,876 | BOYAmt |
| EOY | $15,783,364 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Reconcilation Revenue Expnss | $1,078,158 | ReconcilationRevenueExpnssAmt |
| Net Unrlzd Gains Losses Invst | $1,114,928 | NetUnrlzdGainsLossesInvstAmt |
| Other Changes In Net Assets | $0 | OtherChangesInNetAssetsAmt |
| Info In Schedule O Part XII | Yes (X) | InfoInScheduleOPartXIIInd |
| Method Of Accounting Accrual | Yes (X) | MethodOfAccountingAccrualInd |
| Accountant Compile Or Review | 0 | AccountantCompileOrReviewInd |
| FS Audited | Yes (1) | FSAuditedInd |
FS Audited Basis FSAuditedBasisGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Separate Basis Fincl Stmt | Yes (X) | SeparateBasisFinclStmtInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Audit Committee | Yes (1) | AuditCommitteeInd |
| Federal Grant Audit Required | 0 | FederalGrantAuditRequiredInd |
Schedule A IRS990ScheduleA
| Field | Value | IRS element (for citing) |
|---|---|---|
| Public Organization170 | Yes (X) | PublicOrganization170Ind |
Gifts Grants Contri Rcvd170 GiftsGrantsContriRcvd170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $1,494,968 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $744,757 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $656,670 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $1,550,416 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $1,667,516 | CurrentTaxYearAmt |
| Total | $6,114,327 | TotalAmt |
Total Calendar Year170 TotalCalendarYear170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $1,494,968 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $744,757 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $656,670 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $1,550,416 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $1,667,516 | CurrentTaxYearAmt |
| Total | $6,114,327 | TotalAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Substantial Contributors Tot | $2,701,686 | SubstantialContributorsTotAmt |
| Public Support Total170 | $3,412,641 | PublicSupportTotal170Amt |
Gross Investment Income170 GrossInvestmentIncome170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $185,155 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $206,068 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $220,067 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $233,662 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $294,532 | CurrentTaxYearAmt |
| Total | $1,139,484 | TotalAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Support | $7,253,811 | TotalSupportAmt |
| Public Support CY170 | 0.47050 | PublicSupportCY170Pct |
| Public Support PY170 | 0.60270 | PublicSupportPY170Pct |
| Thirty Thr Pct Suprt Tests CY170 | Yes (X) | ThirtyThrPctSuprtTestsCY170Ind |
Schedule B IRS990ScheduleB
Contributor Information ContributorInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributor | RESTRICTED | ContributorNum |
Contributor Business Name ContributorBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | RESTRICTED | BusinessNameLine1 |
Contributor US Address ContributorUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | RESTRICTED | AddressLine1 |
| Address Line2 | RESTRICTED | AddressLine2 |
| City | RESTRICTED | City |
| State | RESTRICTED | State |
| ZIP Code | RESTRICTED | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Contributions | RESTRICTED | TotalContributionsAmt |
Schedule D IRS990ScheduleD
CY Endwmt Fund CYEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $13,432,438 | BeginningYearBalanceAmt |
| Contributions | $1,606,071 | ContributionsAmt |
| Investment Earnings Or Losses | $1,584,201 | InvestmentEarningsOrLossesAmt |
| Grants Or Scholarships | $979,818 | GrantsOrScholarshipsAmt |
| Administrative Expenses | $17,368 | AdministrativeExpensesAmt |
| End Year Balance | $15,625,524 | EndYearBalanceAmt |
CY Minus1 Yr Endwmt Fund CYMinus1YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $11,194,793 | BeginningYearBalanceAmt |
| Contributions | $1,550,416 | ContributionsAmt |
| Investment Earnings Or Losses | $2,021,019 | InvestmentEarningsOrLossesAmt |
| Grants Or Scholarships | $1,317,244 | GrantsOrScholarshipsAmt |
| Administrative Expenses | $16,546 | AdministrativeExpensesAmt |
| End Year Balance | $13,432,438 | EndYearBalanceAmt |
CY Minus2 Yr Endwmt Fund CYMinus2YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $12,089,126 | BeginningYearBalanceAmt |
| Contributions | $656,671 | ContributionsAmt |
| Investment Earnings Or Losses | -$657,383 | InvestmentEarningsOrLossesAmt |
| Grants Or Scholarships | $873,759 | GrantsOrScholarshipsAmt |
| Administrative Expenses | $19,862 | AdministrativeExpensesAmt |
| End Year Balance | $11,194,793 | EndYearBalanceAmt |
CY Minus3 Yr Endwmt Fund CYMinus3YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $10,575,703 | BeginningYearBalanceAmt |
| Contributions | $744,757 | ContributionsAmt |
| Investment Earnings Or Losses | $1,519,584 | InvestmentEarningsOrLossesAmt |
| Grants Or Scholarships | $750,918 | GrantsOrScholarshipsAmt |
| End Year Balance | $12,089,126 | EndYearBalanceAmt |
CY Minus4 Yr Endwmt Fund CYMinus4YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $9,525,897 | BeginningYearBalanceAmt |
| Contributions | $1,494,968 | ContributionsAmt |
| Investment Earnings Or Losses | $659,266 | InvestmentEarningsOrLossesAmt |
| Grants Or Scholarships | $1,104,428 | GrantsOrScholarshipsAmt |
| End Year Balance | $10,575,703 | EndYearBalanceAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Board Designated Balance EOY | 0.18952 | BoardDesignatedBalanceEOYPct |
| Prmnnt Endowment Balance EOY | 0.47561 | PrmnntEndowmentBalanceEOYPct |
| Term Endowment Balance EOY | 0.33487 | TermEndowmentBalanceEOYPct |
| Endowments Held Unrelated Org | 0 | EndowmentsHeldUnrelatedOrgInd |
| Endowments Held Related Org | 0 | EndowmentsHeldRelatedOrgInd |
| Total Book Value Land Buildings | $0 | TotalBookValueLandBuildingsAmt |
| Total Rev Etc Audited Fincl Stmt | $3,190,271 | TotalRevEtcAuditedFinclStmtAmt |
| Net Unrealized Gains Invst | $1,114,928 | NetUnrealizedGainsInvstAmt |
| Revenue Not Reported | $1,114,928 | RevenueNotReportedAmt |
| Revenue Subtotal | $2,075,343 | RevenueSubtotalAmt |
| Investment Expenses Not Incld | $62,645 | InvestmentExpensesNotIncldAmt |
| Other Revenues Not Included | -$13,417 | OtherRevenuesNotIncludedAmt |
| Revenue Not Reported Fincl Stmt | $49,228 | RevenueNotReportedFinclStmtAmt |
| Total Revenue Per Form990 | $2,124,571 | TotalRevenuePerForm990Amt |
| Tot Expns Etc Audited Fincl Stmt | $997,185 | TotExpnsEtcAuditedFinclStmtAmt |
| Other Expenses Included | $13,417 | OtherExpensesIncludedAmt |
| Expenses Not Reported | $13,417 | ExpensesNotReportedAmt |
| Expenses Subtotal | $983,768 | ExpensesSubtotalAmt |
| Investment Expenses Not Incld2 | $62,645 | InvestmentExpensesNotIncld2Amt |
| Expenses Not Rpt Fincl Stmt | $62,645 | ExpensesNotRptFinclStmtAmt |
| Total Expenses Per Form990 | $1,046,413 | TotalExpensesPerForm990Amt |
Supplemental Information Detail SupplementalInformationDetail (2 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| PART XI, LINE 4B - OTHER ADJUSTMENTS: | SPECIAL EVENT EXPENSES -13,417. |
| PART XII, LINE 2D - OTHER ADJUSTMENTS: | SPECIAL EVENT EXPENSES 13,417. |
Schedule I IRS990ScheduleI
| Field | Value | IRS element (for citing) |
|---|---|---|
| Grant Records Maintained | 0 | GrantRecordsMaintainedInd |
Recipient Table RecipientTable (2 entries)
| Address Line1USAddress/AddressLine1Txt | CityUSAddress/CityNm | State AbbreviationUSAddress/StateAbbreviationCd | ZIPUSAddress/ZIPCd | Recipient EINRecipientEIN | IRC SectionIRCSectionDesc | Cash GrantCashGrantAmt | Purpose Of GrantPurposeOfGrantTxt |
|---|---|---|---|---|---|---|---|
| ODESSA COLLEGE | |||||||
| 201 W UNIVERSITY BLVD | ODESSA | TX | 79764 | 756002907 | GOVERNMENT | $843,630 | SCHOLARSHIPS |
| ODESSA COLLEGE | |||||||
| 201 W UNIVERSITY BLVD | ODESSA | TX | 79764 | 756002907 | GOVERNMENT | $122,771 | CAPITAL PROJECTS |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total501c3 Org | 1 | Total501c3OrgCnt |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | PART I, LINE 2: | FormAndLineReferenceDesc |
| Explanation | ODESSA COLLEGE FOUNDATION, INC. RAISES FUNDS FOR SCHOLARSHIPS TO BE AWARDED TO STUDENTS WHO ATTEND ODESSA COLLEGE. THE SCHOLARSHIP COMMITTEE OF THE FOUNDATION SELECTS THE STUDENTS WHO WILL BE AWARDED SCHOLARSHIPS BASED ON APPLICATIONS RECEIVED, PRIOR SEMESTER GPA (IF APPLICABLE), AND AVAILABILITY OF FUNDS. THE SCHOLARSHIPS AWARDED ARE MONITORED BY THE FOUNDATION TREASURER. THE AWARDED SCHOLARSHIPS ARE PLACED ON EACH STUDENT'S ACCOUNT, BUT ONLY THE ACTUAL SCHOLARSHIPS ACCEPTED AND UTILIZED BY THE STUDENTS ARE PAID IN THE FORM OF A GRANT FROM THE FOUNDATION TO ODESSA COLLEGE. | ExplanationTxt |
Schedule O IRS990ScheduleO
Supplemental Information Detail SupplementalInformationDetail (5 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| FORM 990, PART VI, SECTION B, LINE 11B | THE FORM 990 AND APPLICABLE SCHEDULES ARE PRESENTED TO THE AUDIT AND INVESTMENT COMMITTEE OF THE ODESSA COLLEGE FOUNDATION, INC. DURING THE REGULARLY SCHEDULED COMMITTEE MEETING HELD BEFORE THE DUE DATE OF THE RETURN. THE TREASURER OF THE FOUNDATION AND A DESIGNEE FROM THE INDEPENDENT ACCOUNTING FIRM GO OVER THE 990 AT THE COMMITTEE MEETING AND ANSWER ANY QUESTIONS THAT ARISE. THE COMMITTEE VOTES ON THE SUBMISSION OF THE 990, AND ONCE APPROVED THE TREASURER SIGNS THE DOCUMENT. THE APPROVAL VOTE IS DOCUMENTED IN THE MINUTES OF THE APPLICABLE COMMITTEE MEETING. |
| FORM 990, PART VI, SECTION B, LINE 12C | EACH BOARD MEMBER IS REQUIRED TO SIGN THE CONFLICT OF INTEREST FORM BEFORE THEIR TERM BEGINS AND ANNUALLY THEREAFTER. THE EXECUTIVE DIRECTOR OF THE FOUNDATION REGULARLY AND CONSISTENTLY MONITORS THIS PROCESS. |
| FORM 990, PART VI, SECTION B, LINE 15A | THE EXECUTIVE DIRECTOR OF THE ODESSA COLLEGE FOUNDATION IS COMPENSATED BY ODESSA COLLEGE. A COMPENSATION POLICY WAS ADOPTED BY THE FOUNDATION BOARD OF DIRECTORS ON MAY 21, 2009. |
| FORM 990, PART VI, SECTION C, LINE 19 | THE FOUNDATION POSTS ITS GOVERNING DOCUMENTS, POLICIES, AND FORM 990 ON ITS PUBLICLY ACCESSIBLE WEB SITE. THE URL FOR THE WEB SITE IS HTTP://WWW.ODESSA.EDU/DEPT/DEVELOPMENT/FOUNDATION.HTM. |
| FORM 990, PART XII, LINE 2C | THE ORGANIZATION DID NOT CHANGE EITHER ITS OVERSIGHT PROCESS OR SELECTION PROCESS OF AN INDEPENDENT ACCOUNTANT DURING THE YEAR. |
Schedule R IRS990ScheduleR
Id Related Tax Exempt Org IdRelatedTaxExemptOrgGrp
Disregarded Entity Name DisregardedEntityName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | ODESSA COLLEGE | BusinessNameLine1Txt |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 201 W UNIVERSITY BLVD | AddressLine1Txt |
| City | ODESSA | CityNm |
| State Abbreviation | TX | StateAbbreviationCd |
| ZIP | 79764 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 756002907 | EIN |
| Primary Activities | HIGHER ED | PrimaryActivitiesTxt |
| Legal Domicile State | TX | LegalDomicileStateCd |
| Public Charity Status | LINE 2 | PublicCharityStatusTxt |
| Direct Controlling NA | N/A | DirectControllingNACd |
| Controlled Organization | 0 | ControlledOrganizationInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Receipt Of Int Annts Rnts Rylts | 0 | ReceiptOfIntAnntsRntsRyltsInd |
| Gift Grnt Or Cap Contri To Oth Org | Yes (1) | GiftGrntOrCapContriToOthOrgInd |
| Gift Grnt Cap Contri From Oth Org | 0 | GiftGrntCapContriFromOthOrgInd |
| Loans Or Guarantees To Other Org | 0 | LoansOrGuaranteesToOtherOrgInd |
| Loans Or Guarantees From Oth Org | 0 | LoansOrGuaranteesFromOthOrgInd |
| Div Related Organization | 0 | DivRelatedOrganizationInd |
| Asset Sale To Other Org | 0 | AssetSaleToOtherOrgInd |
| Asset Purchase From Other Org | 0 | AssetPurchaseFromOtherOrgInd |
| Asset Exchange | 0 | AssetExchangeInd |
| Rental Of Facilities To Oth Org | 0 | RentalOfFacilitiesToOthOrgInd |
| Rental Of Fclts From Oth Org | 0 | RentalOfFcltsFromOthOrgInd |
| Perform Of Services For Oth Org | 0 | PerformOfServicesForOthOrgInd |
| Perform Of Services By Other Org | 0 | PerformOfServicesByOtherOrgInd |
| Sharing Of Facilities | 0 | SharingOfFacilitiesInd |
| Paid Employees Sharing | Yes (1) | PaidEmployeesSharingInd |
| Reimbursement Paid To Other Org | 0 | ReimbursementPaidToOtherOrgInd |
| Reimbursement Paid By Other Org | 0 | ReimbursementPaidByOtherOrgInd |
| Transfer To Other Org | 0 | TransferToOtherOrgInd |
| Transfer From Other Org | 0 | TransferFromOtherOrgInd |
Transactions Related Org TransactionsRelatedOrgGrp
Other Organization Name OtherOrganizationName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | ODESSA COLLEGE | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Transaction Type | B | TransactionTypeTxt |
| Involved | $966,401 | InvolvedAmt |
| Method Of Amount Determination | CASH | MethodOfAmountDeterminationTxt |
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